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In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC1 and the long-run Phillips curve LRPC1 is the result of-------------------- in the expected inflation rate and-------------------- in the natural unemployment rate.
A) a decrease; a decrease
B) no change; an increase
C) a decrease; no change
D) an increase; no change
E) an increase; an increase
Correct Answer:
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Q97: Moving upward along the aggregate supply curve,
Q98: When the natural unemployment rate increases,
A)the long-run
Q99: The long-run Phillips curve represents the relationship
Q101: According to Okun's law, if the unemployment
Q102: According to Okun's Law, if the natural
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Q104: An increase in aggregate demand results in
A)a
Q105: Suppose the natural unemployment rate is 5
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